In 2018, the Part B premium remained 4 per month. To cover that premium, Barbara, whose Part B premium was 8.00, needed a COLA of at least .00. That was more than the 2% COLA boosted her Social Security benefits. Once again her Part B premium was adjusted and in 2018 she pays a Part B premium of 7.00 per month. In 2019 her COLA will be high enough to catch up to the Part B premium of 5.50 and still leave a small boost for her net Social Security benefits. .Social Security recipients who have contacted The Senior Citizens League overwhelmingly feel that a higher COLA would be long overdue. They say that the COLA doesn't come close to keeping up with their actual cost increases. When prices rise rapidly at the same time that retirees are receiving a very low COLA, as is the case in 2021, this shortfall can produce long-term impacts on retirement income, and even health, when retired households without adequate retirement savings run short of cash before the month is over. "In email after email, we are hearing that people are cutting their spending on prescriptions and groceries because that's the last things they have left to cut," says Johnson. The Senior Citizens League works to strengthen Social Security benefits and the COLA. .Passing a short-term funding bill to keep the government operating past September 30th is the last major hurdle lawmakers must tackle before the November elections. It remains to be seen whether or not they will successfully negotiate a CR before the quickly approaching deadline. In the days ahead, The Senior Citizens League (TSCL) will keep a close eye on the talks since failing to pass a CR would likely impact Social Security beneficiaries and Medicare doctors negatively. For updates, visit the Legislative News section of our website. .Since 2009, COLAs have been at record lows, averaging just 1.4% — less than half the more typical 3% that COLAs averaged in the prior decade. According to the TSCL analysis, over the last seven years, average Social Security benefits will be about 3 a month lower in 2016 than if inflation had been the more normal levels of about 3%. For example, had a married couple — retired since 2009 and receiving about ,330 per month received a more typical 3% COLA — their total Social Security income would be about ,700 more than it has actually been since 20009. .While the benefit cuts were negotiated in secret and enacted swiftly with virtually no public debate, Congress passed up the opportunity to close another and far bigger Social Security loophole — one that allows people with the nation's highest wages (including all Members of Congress) to get an enormous tax break, while paying Social Security (FICA) taxes on just a fraction of what they earn. In fact, about 6% of all wage earners, according to the Social Security Administration, pay no Social Security taxes at all on earnings over 8,500. Once they have earned 8,500, these workers get to keep 6.2% of every dollar earned over that amount in wages. .In a statement, Congressman Doggett said: "Despite groundbreaking medical discoveries, we see no breakthrough in affordability for consumers. Drug pricing in America is a tangled mess, a knot that will take more than one cut to pull apart … Sick patients are tired of seeing Congress do nothing about a problem that affects so many." .Although home health workers are one of the fastest-growing segments of the labor market, they typically earn about ,000 per year, often without benefits. .New TSCL Report: 4.8 Billion in Wages In SSA's Earnings Suspense File .The WEP affects people who worked for a state or local government employer that did not withhold Social Security taxes from salary. When you claim the pension for your work as a police officer, the WEP can reduce your Social Security benefit by as much as half of the amount of your pension.